Exquisite Lobby Bar Café, Sydney CBD

Price: $1,199,000 Location: Sydney City, NSW Ref: 4980541
Agent:
Eddie Spurr
Agent Phone:
Office Phone:
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Business Headline :
Exquisite Lobby Bar Café, Sydney CBD
Price :
$1,199,000
Category :
Food/Hospitality, Cafe/Coffee Shop, Restaurant, Alcohol/Liquor
Full Description :

Currently operating under management, this five day business will reward the new incumbent with financial spoils and pride of ownership.

Situated within a prestigious 44 floor office complex with over 5,000 occupants.

Established and profitable business with an upward revenue trajectory.

A truly magnificent business overall, priced to sell, will not last long!

Features:

  • Beautifully appointed, bespoke, modern fit-out with minimalist elements and perfect natural light.
  • Excellent combination of 120 indoor and covered alfresco seats across the 250 sqm tower footprint.
  • Holds a Primary Service Authorisation license – allowing the sale of alcohol without food. Licenced capacity 208 patrons.
  • Currently trading 5 days per week from trade 7am to 4pm. 
  • Generous lease term to August 31st 2026.
  • Coffee volume 90kg per week.
  • Daily menu offerings cater for the busy corporate professional covering breakfast and lunch. Café is renowned for the best range of fresh and healthy salads, succulent cuts of meat and poultry all offered at casual dining prices.
  • Enormous potential for genuine growth and value add opportunities.
  • Business could easily be run under management or owner operated.
  • Genuine reason for sale (owner has multiple other business ventures).
  • Strong social media base and outstanding feedback from online review platforms.
  • Regular catering which absolutely can be driven a lot harder.

Potential:

  • There is a huge untapped potential to extend the trading hours to capture Thursday and Friday evenings where workers seek to unwind, eat drink and be merry. A commitment to capture this opportunity will be welcomed by the landlord most favourably.
  • Potential to build on catering clients using brand’s existing reputation and the abundance of nearby businesses and developments.
  • Opportunity for savvy marketer to ramp up promotions and social media presence to increase trade.
  • Site will further benefit from the exciting light rail project near completion.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4980541#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4980541#enquire-now

Annual Rent : $265,000 - Weekly Rent : $5,096

Annual Turnover : $2,207,000 - Weekly Turnover : $42,442

Annual Gross Profit : $1,539,000 - Weekly Gross Profit : $29,596

Annual Ebit : $500,000 - Weekly Ebit : $9,615

Premise : Leased

Lease Commencement : Aug 2015

Lease End : Aug 2026

Total Land Area : 250 Square Metres

Total Floor Area : 250 Square Metres

Franchise : No

Approximate Stock Value : $20,000

Year Purchased : 2015

Year Established : 2015

Days Trading : 5

Staff : 2 Full Time - 2 Part Time - 6 Casual

Staff Salaries : $446,000

Reason for Sale : Other business ventures

Location : Sydney City CBD

Business Potential : There is a huge untapped potential to extend the trading hours to capture Thursday and Friday evenings where workers seek to unwind, eat drink and be merry. A commitment to capture this opportunity will be welcomed by the land lord most favourably. * Potential to build on catering clients using brand’s existing reputation and the abundance of nearby businesses and developments. * Opportunity for savvy marketer to ramp up promotions and social media presence to increase trade. * Site will further benefit from the exciting light rail project near completion.

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